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CATALINA RESOURCES LTD — Capital/Financing Update 2025
Mar 26, 2025
64716_rns_2025-03-26_bb462331-4b3e-4ff3-b95e-4c7d722324da.pdf
Capital/Financing Update
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ASX RELEASE.
ASX Announcement 27 March 2025
DESPATCH OF OFFER DOCUMENT AND ENTITLEMENT &
ACCEPTANCE FORM
Catalina Resources is an Australian diversified mineral exploration and mine development company.
Directors
Executive Chairman and Company Secretary Sanjay Loyalka
Executive Director Ross Cotton
Director Richard Beazley
Director Martin Bennett
ASX Code
CTN
Catalina Resources Ltd (ASX: CTN)(Catalina or the Company) refers to its non-renounceable pro-rata entitlement offer of fully paid ordinary shares ( Shares ), on the basis of one new Share for every two Shares held as at 24 March 2025, together with one other free attaching new Share for every five new Shares applied for and issued, to eligible shareholders with a registered address in Australia, New Zealand, China and Singapore and certain institutional holders in other jurisdictions in which the Company chooses to make offers ( Entitlement Offer ). The Entitlement Offer is made under the disclosure document lodged with ASX on 18 March 2025 ( Offer Document ).
Details of the electronic link by which persons holding Shares as at 24 March 2025 (Eligible Shareholders) can access the Offer Document and Personalised Entitlement and Acceptance Forms were despatched to Eligible Shareholders today.
The Offer closes at 5:00pm (WST) on 8 April 2025.
CONTACT DETAILS
Unit 38 18 Stirling Highway NEDLANDS WA 6009
T +61 8 61181672 E [email protected]
Further details of the Entitlement Offer, including details on how Eligible Shareholders may accept the Offer, are set out in the Offer Document. Eligible Shareholders should consider the Offer Document in deciding whether to apply for Shares under the Entitlement Offer and follow the instructions set out in the personalised application form.
The letters to Eligible Shareholders in Australia and overseas accompanies this announcement.
This announcement is authorised for release by the Board of Catalina Resources Limited.
ABOUT CATALINA RESOURCES LTD
Catalina Resources Ltd is an Australian diversified mineral exploration and mine development company whose vision is to create shareholder value through the successful exploration of prospective gold, base metals, lithium and iron ore projects and the development of these projects into production.
Catalina Resources Ltd ACN: 130 618 683 W: www.catalinaresources.com.au
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27 March 2025
Dear Shareholder
Catalina Resources Ltd – PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE
Catalina Resources Ltd (CAN 130 618 683) ( Catalina Resources or the Company ) is undertaking a nonrenounceable rights issue of one new fully paid ordinary share in the capital of the Company ( Share ) for every two existing Shares held by eligible shareholders on the record date, being the 24 March 2025, at an issue price of $0.003 per new Share, together with one other free attaching new Share for every five new Shares applied for and issued ( Offer ).
We are writing to you as an eligible shareholder, entitled to participate in the Offer.
The Offer Document and your Personalised Entitlement and Acceptance Form can be accessed at: https://www.investorserve.com.au/.
The Offer Document can also be accessed via the Company’s website https://catalinaresources.com.au/.
The Offer closes at 5:00pm (WST) on 8 April 2025.
The number of Shares for which you are entitled to apply for under the Offer ( Entitlement ) is shown on your Personalised Entitlement and Acceptance Form.
Any Entitlement not taken up pursuant to the Offer will form the shortfall ( Shortfall Offer ). Eligible shareholders who wish to subscribe for additional securities above their Entitlement are invited to apply under the Shortfall Offer.
Applications
To access the online system at https://www.investorserve.com.au/, you will need to provide your Securityholder Reference Number (SRN) or Holder Identification Number (HIN) and postcode and follow the instructions provided including making payment by BPAY ® for the securities you wish to subscribe for.
If you are unable to access https://www.investorserve.com.au/, please contact the Company’s share
registry on 1300 737 760 (in Australia) or +61 2 9290 9600 (outside Australia).
Actions required by Eligible Shareholders
There are a number of actions you may take:
-
accept your full Entitlement;
-
accept your full Entitlement and apply for additional securities as part of the Shortfall Offer;
-
accept part of your Entitlement; or
-
if you do not wish to accept all or part of your Entitlement, you are not obliged to do anything.
Unit 38, 18 Stirling Hwy, Nedlands WA 6009 Australia ACN: 130 618 683 W: www.catalinaresources.com.au P: +61 8 6118 1672
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Key dates for the Offer**
| Company Announced Rights Issue | 11 March 2025 |
|---|---|
| Lodgement of Appendix 3B, s708AA Cleansing Notice and Offer Document with ASX |
18 March 2025 |
| Ex date | 21 March 2025 |
| Record Date for determining Entitlements | 24 March 2025 |
| Offer Document sent out to Eligible Shareholders & Company announces this has been completed & Offer Opening Date |
27 March 2025 |
| Last day to extend Closing Date* | 3 April 2025 |
| Closing Date | 8 April 2025 |
| Shares quoted on a deferred settlement basis from market open |
9 April 2025 |
| Announcement of results of issue | 15 April 2025 |
| Issue date and lodgement of Appendix 2A with ASX applying for quotation of the Shares (before noon Sydney time) |
15 April 2025 |
| Quotation of New Shares issued under the Offer | 16 April 2025 |
- Subject to the ASX Listing Rules, the Directors reserve the right to extend the Closing Date for the Offer at their discretion. Should this occur, the extension will have a consequential effect on the anticipated date of issue for the New Shares.
** These dates are indicative only and are subject to change.
You should read the entire Offer Document carefully and seek professional advice before deciding whether to invest in the Offer.
If you have any queries about the Entitlement Offer, please contact Catalina Resources’ share registry, Boardroom, on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia) between 8.30am and 5pm (Sydney time) on Monday to Friday during the offer period.
For and on behalf of the board:
Sanjay Loyalka Executive Chairman & Company Secretary
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27 March 2025
To: Eligible Shareholders in New Zealand, Singapore or China
Dear Eligible Shareholder,
Entitlement Offer – Additional payment option for shareholders in New Zealand, Singapore or China
We refer to the pro-rata non-renounceable entitlement offer ( Offer ) of Catalina Resources Limited ( Catalina Resources ) at a price of A$0.003 per New Share. Capitalised terms not defined in this letter have the same meaning ascribed to those terms in the Offer Document dated 18 March 2025.
The Offer Document and your Personalised Entitlement and Acceptance Form can be accessed at: https://www.investorserve.com.au/.
The Offer Document can also be accessed via the Company’s website https://catalinaresources.com.au/.
To facilitate payment of Application Monies from Eligible Shareholders resident outside Australia ( Overseas Shareholders ), in addition to the option of applying via BPAY[®] , Catalina Resources is pleased to offer its New Zealand, Singapore or China Shareholders the opportunity to remit their Application Monies by international electronic funds transfer ( EFT ) to the following Australian bank account:
| Bank: | St George Bank |
|---|---|
| Address: | IBN 82, 1 King Street, Concord West NSW 2138 |
| BSB: | 332-027 |
| Account Number: | |
| Account Name: | Boardroom Pty Limited ITF Catalina Resources Limited |
| Swift Code: | SGBLAU2S |
For processing and reconciliation, when making your payment, you must add to the remittance advice your CRN which appears under the Biller Code on the front of the Entitlement and Acceptance Form and forward a copy of the remittance advice and entitlement form to Catalina Resource’s share registry, Boardroom Pty Limited, by e-mail to [email protected], as soon as the payment is made. Failure to do so may result in funds not being matched to your application and Catalina Resources being unable to issue you New Shares under the Entitlement Offer.
Please note that the Application Monies remitted by you will be subject to international transfer and foreign currency conversion fees levied by your financial institution such that the amount received by Catalina Resources in Australian dollars will be less than the amount remitted by you in foreign currency. If you wish to apply for New Shares you will need to ensure that the amount paid by you takes into account, any international transfer and foreign currency conversion fees levied by your financial institution. In this case, you will need to confirm this amount with your financial institution prior to submitting your Application Monies to Catalina Resources and pay an additional amount to cover these fees. Catalina Resources will only issue New Shares based on the actual amount of Application Monies received by Catalina Resources. If your Application Monies do not pay for your full Entitlement, you are deemed to have taken up your Entitlement in respect of such whole number of New Shares that is covered in full by your Application Monies. If Application Monies received pay for more than your full Entitlement, you are deemed to have taken up your full Entitlement. Any excess Application Monies will be returned to you in Australian dollars (without interest).
Eligible Shareholders are reminded that the Offer will close at 5pm (WST) on Tuesday, 8 April 2025 (“Closing Date”) and any payment received after the Closing Date may be rejected.
If you are interested in the Offer, you are advised to arrange for payment of Application Monies as early as possible and to allow sufficient time for the Application Monies to be transferred and received by Catalina Resources by the Closing Date.
If you have any additional questions regarding the Entitlement Offer, please contact the Catalina Resource’s Offer Information Line on +61 2 9290 9600 from 8.30am to 5.00pm (Sydney time) Monday to Friday (excluding public holidays) or by e-mail to [email protected].
Yours sincerely